China's Ruling Looms Over EU Brandy
China is set to announce a decision on its anti-dumping investigation into EU brandy imports shortly. The inquiry began after French brandy suffered temporary restrictions following France's support of EU tariffs on Chinese electric vehicles. The final ruling is expected soon, impacting brands like Hennessy and Remy Martin.
- Country:
- China
The Chinese commerce ministry announced that a final decision on the status of European Union brandy would be made in the near future. This comes as China nears the conclusion of its anti-dumping probe into EU brandy, set for completion by July 5.
The probe comes after China imposed temporary measures on EU brandy imports in October of last year. Notably affected were major French brands, including Hennessy and Remy Martin. These measures followed the EU's decision to levy tariffs on Chinese-made electric vehicles, a move supported by France.
The outcome of this investigation could significantly impact the European brandy market, and stakeholders are keenly awaiting China's ruling. The resolution will either cement or lift the restrictions currently challenging EU brandy's place in the Chinese market.
(With inputs from agencies.)
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